...If I think correctly that the S&P500 is about to capitulate, then the Aussie is very likely to tank and that should augur very well for Yank. AUD poised to break below 67c as soon as tonight.
...the DXY could get a second life. All it needs is Powell to stay and remind us of his hawkishness. The inflation fight is more like a small marathon rather than a 400m dash. Fund Objective
YANK aims to provide geared exposure to changes in the value of the U.S. dollar against the Australian dollar. Fund Strategy
YANK generally expects to generate a positive return of between 2% and 2.75% for a 1% rise in the value of the U.S. dollar against the Australian dollar on a given day (and vice versa).
